CSCO, Cisco

Above some old charts on CISCO, one is now two or more years old, and yes we did go down and no we did not go up, but today it still is not clear if the old $8 low was it;

Seems like a long time, but EW is not particularly good at timing. What is clear is that we made a corrective A-B-C from the lows of $8 .Subsequent to that we seem to be in another A-B-C down, that is incomplete! None of this, unfortunately, is bullish, but it could become that after a revisit of $8; even then it is not bullish long-term.